Everything you need to know about the global economy in one chart December 9, 2013 This chart – of credit creation as a percentage of GDP – tells you a lot about these four economies. Credit creation is only up in Japan since 2007 – a product of stimulatory fiscal and monetary policy. Meanwhile in the Eurozone things have all but broken down. It's still accurate to refer to [...]
What you need to know before the open – 09/12 December 9, 2013 A positive start to the week's trading is expected today, with a very thin macroeconomic calendar ahead of us for Monday. Analyts forecast that the FTSE will open higher on momentum from Friday's US session, record highs on India's Sensex stock index, and the better than expected Chinese inflation data published this morning. Morning all. [...]
Albermarle & Bond profits crash by over 75pc as gold prices slide December 9, 2013 Troubled pawnbroker Albermarle & Bond (A&B) won't be feeling much better today. The company has been hit by multiple setbacks – most recently announcing on the 30 September that falling gold prices have created uncertainty over its future. Its final results for the financial year ended 30 June reveal that performance is markedly worse on [...]
You won’t believe why some think China’s smog is a good thing December 9, 2013 It's not news that Chinese megacities are suffering from some pretty terrible smog, such as Beijing, pictured above as early as 2008. The International Olympic Committee (IOC) raised it as one of their concerns for the 2008 games. Since then, it's been getting much worse, and many are worried about the health impacts. But it [...]
Three things you didn’t know about Shawbrook Bank CEO Ian Henderson December 8, 2013 In a new regular feature The Capitalist brings you fascinating facts about City bigwigs. First up, Shawbrook Bank CEO Ian Henderson. 1 A self-confessed “non-petrolhead”, his dream car is his VW Campervan which he uses to drive to music festivals with his kids during the summer. 2 He has a two-year old Labradoodle called [...]
Investors are about to get very frightened as US unemployment drops like a stone December 6, 2013 US unemployment has fallen way faster than expected in November. For once that good news is good news to Wall Street. The headline unemployment rate dropped from 7.3 per cent to seven per cent. Analysts had predicted a fall to 7.2 per cent. You might think that this is unambiguously good news for the US [...]
Sales of Nelson Mandela’s memoirs are up by nearly 15,000pc as the world remembers South Africa’s greatest leader December 6, 2013 After the passing of South Africa's first black President, sales of his autobiography are soaring on Amazon UK. His works occupy all of the top three spots on the site's "Movers and Shakers" index. Nelson Mandela passed away on 5 December at his Johannesburg home, where he had been receiving intensive medical care for a [...]
What people are saying around the world after the passing of Nelson Mandela December 6, 2013 Jacob Zuma, President of South Africa My fellow South Africans, our beloved Nelson Rolihlahla Mandela, the founding president of our democratic nation has departed. He passed on peacefully in the company of his family around 20.50 on December 5 2013. He is now resting. He is now at peace. Our nation has lost its greatest [...]
If you needed more evidence that Osborne’s Autumn Statement was a disappointment, here it is December 5, 2013 We've said that Osborne's Autumn Statement really isn't today's big event. Now US GDP numbers that show the UK is no longer the rich world's fastest growing economy have proven that point. You can see what markets think of the two events in the yields of UK 10 year government bonds – which imply the [...]
US just stole Osborne’s limelight as it becomes rich world’s fastest growing economy December 5, 2013 US stock futures are now turning negative ahead of the market open at 2.30pm. That's because US economic data has been really good, and equities investors are petrified that the Fed will take away monetary support from the economy. Annualised GDP for the third quarter has been revised up to 3.6 per cent from 3.0 [...]
